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tom rawlinson
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Decks in this class (12)
1.1 Introduction
What is microeconmics,
Basic economic problem,
Positive statements vs normative ...
5
cards
1.2 Utility functions and Preferences
How to denote preferences,
Assumptions of consumer preferences,
What are indifference curves and ...
10
cards
1.3 Consumer Choice, Price/Income, Income/Substitution
What are budget constraints,
What are the properties of a budg...,
What are the effects of a change ...
16
cards
1.4 Elasticity
What is elasticity,
What is ped,
What do the different values of p...
10
cards
1.5 CompEcuVariation/ Labour Supply
What is equivalent variation,
What is compensating variation,
What are the differences between ...
17
cards
1.6.1 Production and Costs
What are the properties of a priv...,
What is profit,
What is a production function
17
cards
1.6.2 Costs
What are explicit implicit costs,
What is the opportunity cost of r...,
What if there is no market for a ...
20
cards
1.7 Supply
What questions required for profi...,
When are profits maximised,
When would a firm shutdown
24
cards
1.8 Monopoly/Price Discrimination
What is a monopoly and what are t...,
How do governments intervene in m...,
How to monopolies profit maximise
16
cards
1.9.1 Monopolistic/Game theory
Assumptions,
What are likely causes,
What is profit max in short long run
6
cards
1.9.2 Oligopolistic Markets
What are oligopolistic markets,
What are cartels,
How are cartels graphically prese...
15
cards
1.10 Externalities and Asymmetric Information.
What are the effects of externali...,
How is negative externality ilust...,
How are externalities addressed
23
cards
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Intro to Econ
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